kmart/sears

Essay specific features

 

Issue:

Business

 

Written by:

Ryan I

 

Date added:

April 8, 2014

 

Level:

 

Grade:

A

 

No of pages / words:

6 / 1572

 

Was viewed:

3788 times

 

Rating of current essay:

 
Essay content:

This was in stark contrast to nearly a century of stellar results that Sears had comfortably enjoyed. For Sears, something needed to be done, and fast! January 22, 2002 Kmart filed bankruptcy, closed nearly 600 stores and fired 57,000 employees, with $17 billion in assets, is the biggest ever for an U...
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retailer. Decline in the company's liquidity resulting from its below-plan sales and earnings performance in the 2001 fourth quarter. The evaporation of the surety bond market, and an erosion of supplier confidence, as well as intense competition in the discount retailing industry, unsuccessful sales and marketing initiatives, the continuing recession, and capital market volatility...
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